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they're going to take your tax dollars and go shopping. and now if you're asking me if they're going to make a deal, probably not. it's the congress. stick around. rapid response panel coming up. >>> i'm jane wells with your cnbc market wrap. the dow dropped 77. the s&p lost four. and the nasdaq down 14. this despite good news manufacturing activity topped expectations in november, growing at its fastest pace in more than two years. construction spending edged .8% in october. this is its fastest pace in more than four years, driven by a boost in government project. and today marks the biggest online shopping day of the year, cybermonday. analysts expect over 131 million people to jump on the web for the best holiday deals. excuse me while i get back to shopping. that's it from cnbc, first in business worldwide. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are
they're going to take your tax dollars and go shopping. and now if you're asking me if they're going to make a deal, probably not. it's the congress. stick around. rapid response panel coming up. >>> i'm jane wells with your cnbc market wrap. the dow dropped 77. the s&p lost four. and the nasdaq down 14. this despite good news manufacturing activity topped expectations in november, growing at its fastest pace in more than two years. construction spending edged .8% in october. this...
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to your taxes or ok pay whatever you think makes sense but any current government tax demands are ludicrous because i support a military that's out of control and does nothing good for anybody ok well we're out of time john mcdonogh time to time to go ok well i have to go get some more there is intergalactic currency units because i'm heading to andromeda galaxy later make sense of the second to a lot more. right . first for you and i think you're. on our reporters. in. the in the. i was thinking somehow i had to come back because mom was waiting for me. i just knew that everything would be fine for some reason we were so confident because we were going to get married officially after he came back how could he not come back because the mere thought of it never crossed her mind. when the militants decided to try and break through her new guinea airport screening. they splosion blow them all round his back the rule was a little and it was all over all of us. we know that our call moran's on our commander won't leave us no matter how tough it gets we're team. getting was a senior in his milita
to your taxes or ok pay whatever you think makes sense but any current government tax demands are ludicrous because i support a military that's out of control and does nothing good for anybody ok well we're out of time john mcdonogh time to time to go ok well i have to go get some more there is intergalactic currency units because i'm heading to andromeda galaxy later make sense of the second to a lot more. right . first for you and i think you're. on our reporters. in. the in the. i was...
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ceased to exist if the euro does go belly up the german authorities could potentially still collect tax if everyone started using bitcoin that's a good example of german forward thinking well the germans appreciate the engineering behind but the germans appreciate that the i.m.f. is bankrupt and that if the euro were ever to encounter some existential crisis the i.m.f. is not going to bail out the euro but bitcoin could potentially bail out the euro and they talk about bitcoin being able to extinguish debt this is generally the terms used by the austrian school of economics that talk about gold as the only debt extinguisher that is worthy of the name and now we have bitcoin so the only thing we don't have is the majority of the austrian economic school adopting or accepting bitcoin for what it is and we are but they will they will fall like dominoes one by one they will all come over to the side of the debate and the citi group also this past week while the world's media was paying attention to the china story citi group also said that reserve managers may be starting to look at bitcoin
ceased to exist if the euro does go belly up the german authorities could potentially still collect tax if everyone started using bitcoin that's a good example of german forward thinking well the germans appreciate the engineering behind but the germans appreciate that the i.m.f. is bankrupt and that if the euro were ever to encounter some existential crisis the i.m.f. is not going to bail out the euro but bitcoin could potentially bail out the euro and they talk about bitcoin being able to...
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Dec 7, 2013
12/13
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i would argue automation has hollowed out much of the middle class as well because many tax prepares, people like that, you don't need them anymore because you can use your computer to do it. now we're moving into the low wage sector and that's a sector that had been growing. this month, not as much. good news as we got better jobs this month. >> 203,000 jobs created. unemployment rate, the best it's been since november 2008. and you're on track really here for 2 million jobs, you know, 2 million jobs this year. that's not bad. in fact, it's the best we've seen since 2005. also, you know, car sales were good, too. if you're confident enough to buy a car that tells me the economy is turning. >> i think it's a turning point for people who have -- who have a job or are nearly unemployed. nothing has changed for people unemployed here. >> no, it hasn't. they have a much lower confidence in the economy. they're feeling left behind. and they are left behind. >> you're seeing the low wage paycheck to paycheck worker is holding back. somebody who has a job, savings, not under water, they're s
i would argue automation has hollowed out much of the middle class as well because many tax prepares, people like that, you don't need them anymore because you can use your computer to do it. now we're moving into the low wage sector and that's a sector that had been growing. this month, not as much. good news as we got better jobs this month. >> 203,000 jobs created. unemployment rate, the best it's been since november 2008. and you're on track really here for 2 million jobs, you know, 2...
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all right, platinum nation, we're always looking for new ways to escape the big government tax machine so as much as i love this country, i cannot wait to get the hell out of here and on to a kick ass boat. >> drifting away from the rest of the world, we now have the freedom chip, the one mile long 25 story tall megaship that is more like a floating city than a boat. it would carry up to 50,000 full-time residents. unclear how taxes would work for people there but they said it will not be registered in the united states. so uncle sam would not be able to get to people on that boat. >> stephen: that's right, the freedom ship with all the slick design of an unfinished parking garage. and everything the stateless billionaire tycoon needs to feel at home. banks, casinos, and a 1.7 million square foot international shopping mall. imagine, an enormous mall you never have to leave because you can't. it's up to you, another orange julius or a watery grave. and as for accommodations, freedom ship offers the ultimate in high net worth real estate. for as little as 9.1 million you can reserve a w
all right, platinum nation, we're always looking for new ways to escape the big government tax machine so as much as i love this country, i cannot wait to get the hell out of here and on to a kick ass boat. >> drifting away from the rest of the world, we now have the freedom chip, the one mile long 25 story tall megaship that is more like a floating city than a boat. it would carry up to 50,000 full-time residents. unclear how taxes would work for people there but they said it will not be...
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Dec 8, 2013
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how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. [ laughs ] hey there, i just got my bill, and i see that it includes my fico® credit score. yup, you get it free each month to help you avoid surprises with your credit. good. i hate surprises. surprise! at discover, we treat you like you'd treat you. get the it card and see your fico® credit score. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel. the #1 prescribed topical testosterone replacement therapy increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large incre
how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. [ laughs ] hey there, i just got my bill, and i see that it includes my fico® credit score. yup, you get it free each month to help you avoid surprises with your credit. good. i hate surprises. surprise! at discover, we treat you like you'd treat you. get the it card and see your fico® credit score. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's...
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Dec 2, 2013
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you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a great solution this can be. don't wait, call now! >>> some scary breaking news out of toledo, ohio, this morning. it's a high school at the old west end of toledo. we understand from the police and affiliate reports that there may be a 15-year-old with a gun inside scott high school. now, we don't know for sure if that's true. but we do know authorities have contained a student who is 15 years old to one classroom. and we do know that negotiators are now on the scene trying to talk that student out of that classroom. according to the toledo blade, parent
you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a...
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Dec 5, 2013
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no new taxes and you have to equalate is it it's a 180 page bail. it will increase -- the premise, neil, of the affordable care act i completely agree with, which is to lower costs and to increase access. i 100% agree with that. we repeal the affordable care act, we do something in tax treatment that should have been done 70 years ago, and we equalize the tax treatment between an individual and a company. when i worked in a medical practice, our practice provided insurance. when i retired, the next day to run for public office to run for congress, i had to pay first dollar, and we give family a $20,000 standard deduction for health insurance. let's say you make 60,000 a year, your tax able income is only 40. if you signed the policy that costs $15,000, which is going to ask crowd to shop, not have the government tell you what to buy but to shop fine what's in your bin, let's say it cost 15, you still get the $155,000 detailable. we allow you to buy -- >> this sounds great. what are democrats saying? they say republicans are doing squat. >> well, the
no new taxes and you have to equalate is it it's a 180 page bail. it will increase -- the premise, neil, of the affordable care act i completely agree with, which is to lower costs and to increase access. i 100% agree with that. we repeal the affordable care act, we do something in tax treatment that should have been done 70 years ago, and we equalize the tax treatment between an individual and a company. when i worked in a medical practice, our practice provided insurance. when i retired, the...
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Dec 7, 2013
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the revenues have come in, in part, because of the tax hikes which created less damage. the fact is washington getting out of the way is a pre-condition for the private sector. >> i'll let austan weigh in on that. 92,000 federal jobs lost overall this year. do you think washington in action and sequester is hurting holding back the growth? >> it is holding back the growth. i thought it would hold back growth more than it did. i think most of the private sector who look at the economy for 2013 say that the austerity and the fiscal drag cut at least one point or almost two points off the system. i think austerity did not help the growth rate. >> i figured you would be opposite sides of the fence. >> 1% of the 1.5% is the tax hike. 1% of the drag this year out of the 1.5. >> i agree with that. >> meantime, signs this week that maybe i don't know, maybe the bailout -- automakers may be worth it. gm and chrysler, double digit numbers. treasury department planning to sell the last of its stock in gm by the end of the year. so interesting to me. do you think this proves what wa
the revenues have come in, in part, because of the tax hikes which created less damage. the fact is washington getting out of the way is a pre-condition for the private sector. >> i'll let austan weigh in on that. 92,000 federal jobs lost overall this year. do you think washington in action and sequester is hurting holding back the growth? >> it is holding back the growth. i thought it would hold back growth more than it did. i think most of the private sector who look at the...
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Dec 2, 2013
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only thing they agree is taxes should be lower. if they try to do anything else they run into a freak out problem with the base. they need to try to be willing to let some of those voters go elsewhere or stay home or reach out to new people. until they do that -- >> they need to leech themselves. the republican party has failed in terms of creating a governing platform, the tea party has won in that the goalposts moved far to the right, broud bipartisan, budget talks, extending unemployment benefits is a democratic ask. i wonder what you think -- bernie sanders said to the "washington post," i don't wake up every morning saying oh, my goodness, i don't wake up every morning and say i want to be president. but if nobody is going to do it, i'll do it. there's talk about elizabeth warren, bill dallas i don't, if not more resurgent, ascend ant in the last years. >> one of the things that happens through the end of press tension administration politics gets broader and more imaginative and more hinged to the personalities that run it. b
only thing they agree is taxes should be lower. if they try to do anything else they run into a freak out problem with the base. they need to try to be willing to let some of those voters go elsewhere or stay home or reach out to new people. until they do that -- >> they need to leech themselves. the republican party has failed in terms of creating a governing platform, the tea party has won in that the goalposts moved far to the right, broud bipartisan, budget talks, extending...
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Dec 10, 2013
12/13
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start a tax-free business at startup-ny.com. we're open to it. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. >> when it comes to retail, it's the taim of two cities. they're all about the have's and have-not's. tonight we have a chance to
start a tax-free business at startup-ny.com. we're open to it. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. but it doesn't usually work that...
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Dec 3, 2013
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we're not talking about tax rate hikes that's off the table. we can't close loopholes. >> we're talking about auctioning broadband spectrum, higher fees on airport security and vacuuming up loose change jonathan capehart might have. >> there's a lot of it. >> there is a lot of change. i think part of the reason compromise seems so hard is that republicans have not are to ask themselves the tough questions about what they would do in terms of broader policy because they have been able to distract themselves with the calamitous rollout of the aca. that literally is the only thing they can agree on is that aca bad. everything else is up for grabs. to actually agree on a piece of policy is almost an anathema. >> for the populous, it will be a positive one. no such possibility in the offing for intransigence the tea party has exhibited. to allow the tea party to hijack -- lets give the republican party credit. be more reasonable. ford says i like john boehner, he's a reasonable man, we would like to see evidence of that. we're looking for it. now, i
we're not talking about tax rate hikes that's off the table. we can't close loopholes. >> we're talking about auctioning broadband spectrum, higher fees on airport security and vacuuming up loose change jonathan capehart might have. >> there's a lot of it. >> there is a lot of change. i think part of the reason compromise seems so hard is that republicans have not are to ask themselves the tough questions about what they would do in terms of broader policy because they have...
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Dec 2, 2013
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. >> it tax like two minutes to get the results. this is what ear eligible for, would you like to enroll, and choosing a pair, some plans and premiums. it works very well now. so it's exciting that people can come in and in like, half an hour, find insurance. it's rewarting. >> a sort familiar with the situation says in fact over the last month about 100,000 people have been able to select plans on the troubled healthcare.gov, as they've made improvements. add that to the 231,000 confirmed enrollments from the states. that brings you to about 333,000. the big question now, though, is just what's happening on the back end, and sue, i can tell you insurers are still concerned they are not getting the right information when they get those transmittals over to them b. >> understandably so, bertha. thank you very much. we turn to that del re derailment. mary thompson is live on the scene in bronx, new york, with the continuing investigation. mary, over to you. >> reporter: what a difference a day makes. when we came in this morning -- we
. >> it tax like two minutes to get the results. this is what ear eligible for, would you like to enroll, and choosing a pair, some plans and premiums. it works very well now. so it's exciting that people can come in and in like, half an hour, find insurance. it's rewarting. >> a sort familiar with the situation says in fact over the last month about 100,000 people have been able to select plans on the troubled healthcare.gov, as they've made improvements. add that to the 231,000...
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Dec 8, 2013
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this is a guy that sounds like a republican on tax reform. this is a guy who sounds like a real republican, a real republican when it comes to foreign policy. do you know what we were saying back in the 1990s? you never, ever, ever go to war unless it is the absolute last option available. then when you go, colin powell always said we are going to throw everything at them. we will achieve our objective. we are going to kill the enemy. we are going to capture their leaders and then we are going to bring our chips back home to their families. that was the powell doctrine and that is a conservative doctrine. and we forgot that over the past decade. so what i say to my friends that get very angry about me continuing to talk about colin powell the good republican, the fact that he hasn't voted republican over the past two elections should tell you something. when colin powell starts voting for a nominee and ted cruz starts voting for a nominee at the same time that is when we start winning presidential elections again. as long as we keep dividing
this is a guy that sounds like a republican on tax reform. this is a guy who sounds like a real republican, a real republican when it comes to foreign policy. do you know what we were saying back in the 1990s? you never, ever, ever go to war unless it is the absolute last option available. then when you go, colin powell always said we are going to throw everything at them. we will achieve our objective. we are going to kill the enemy. we are going to capture their leaders and then we are going...
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Dec 8, 2013
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these are down to $16,000 when you include federal tax credits. the government encourages you. >> tell us about those? is it worth it to do it for the tax credit? >> it's a good deal. average price is $30,000. you can't go very far on it, not happy in it. i haven't ridden in it. i'm just talking about what consumer reports said. >> you would class it up. >> i would pimp that ride, absolutely. >> what are car manufacturers thinking? is this a big bottom line boost for them or will they back off because they are not earning money on them? >> they are really cutting into their margins. they are doing that because there's no other way to move these things off the lot. again, a lot has to do with gas prices. once they go up we see more demand. prices for other cars are going up. in one month from october to november, on average 3%, 1.1% year over year. these drastic price cuts could get them off the lot. >> would be nice to get into a tesla. >> it's a pretty car. >> as far as the gas prices you're talking about, the gas taxes are going up? >> they coul
these are down to $16,000 when you include federal tax credits. the government encourages you. >> tell us about those? is it worth it to do it for the tax credit? >> it's a good deal. average price is $30,000. you can't go very far on it, not happy in it. i haven't ridden in it. i'm just talking about what consumer reports said. >> you would class it up. >> i would pimp that ride, absolutely. >> what are car manufacturers thinking? is this a big bottom line boost...
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hold on -- >> yeah, all the shipping prices are here as well as the tax. then they total it for you. they bottom line it. >> you are a delight. >> thank you. >> you are a delight. thanks for having me. >> and we don't use that word lightly. do you know who we delight? we adore this lady. best-selling author from hollywood. she is big-time. she finishes off her trilogy coming up after this. ♪ you know, ronny... folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? i'd say happier than a bodybuilder directing traffic. he does look happy. get happy. get geico. fifteen minutes could save you fifteen percent or more on car insurance. i have a big meeting when we land, but i am so stuffed up, i can't rest. [ male announcer ] nyquil cold and flu liquid gels don't unstuff your nose. they don't? alka seltzer plus night fights your worst cold symptoms, plus has a decongestant. [ inhales deeply ] oh. what a relief it is. prove it. enough is enough. d-con baits are specially formulated to kill in one feeding. guarante
hold on -- >> yeah, all the shipping prices are here as well as the tax. then they total it for you. they bottom line it. >> you are a delight. >> thank you. >> you are a delight. thanks for having me. >> and we don't use that word lightly. do you know who we delight? we adore this lady. best-selling author from hollywood. she is big-time. she finishes off her trilogy coming up after this. ♪ you know, ronny... folks who save hundreds of dollars by switching to...
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Dec 5, 2013
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there will be more debate about it, alec is a tax-exempt charity. what it does is cook up legislation. >> if i had the choice of choosing who could be elected in a particular election or writing the laws that that person would introduce as a legislator once they were there, i know which one i would pick. thank you very much for your time, sir, fascinating. we'll be right back. [ thunder crashes ] [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. i have a big meeting when we land, but i am so stuffed up, i can't rest. [ male announcer ] nyquil cold and flu liquid gels don't unstuff your nose. they don't? alka seltzer plus night fights your worst cold symptoms, plus has a decongestant. [ inhales deeply ] oh. what a relief it is. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make
there will be more debate about it, alec is a tax-exempt charity. what it does is cook up legislation. >> if i had the choice of choosing who could be elected in a particular election or writing the laws that that person would introduce as a legislator once they were there, i know which one i would pick. thank you very much for your time, sir, fascinating. we'll be right back. [ thunder crashes ] [ female announcer ] some people like to pretend a flood could never happen to them. and that...
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Dec 3, 2013
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it's all about how much tax you pay when you shop online. christine romans explains how this will affect your money. >> wolf, on the biggest online shopping day of the year, no less, the supreme court punting on the most important issue in retail right now. and that means millions of people may now have to pay state tax on their online purchases. now, states have been putting pressure on internet retailers to collect sales tax and amazon.com and overstock.com fought this effort with different results in different courts. it's a patchwork now of rulings and laws. now that the supreme court has decided not to the weigh in, states are likely to pursue the estimated $23 billion in uncollected sales taxes from web retailers. an increasing number of tats like new york have passed laws forcing internet-based retailers to collect taxes. amazon and overstock complained saying they don't have physical presence in that state. most retail analysts say the court is essentially ending a 20-year tradition of no sales tax on internet purchases. >> christine
it's all about how much tax you pay when you shop online. christine romans explains how this will affect your money. >> wolf, on the biggest online shopping day of the year, no less, the supreme court punting on the most important issue in retail right now. and that means millions of people may now have to pay state tax on their online purchases. now, states have been putting pressure on internet retailers to collect sales tax and amazon.com and overstock.com fought this effort with...
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Dec 5, 2013
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. >> check with your tax accountant. some stocks cannot really go in because of a business tax. you want to be sure. you've got to talk with your accountant about these. the stock had a not great quarter and it's been knocked down. and the master limited partnerships have been coming down. but i believe in rich kinder. rich kinder is not dick heckman. he had a terrific company around, this one's not it. rich kinder made a lot of people a lot of money. i'm not going to abandon that company. but i do honestly right now like linn energy right now. higher reats don't have to be the end of the world, conn's might be a microcosm. wouldn't you like to have a stock that goes up gigantically? or would you say i don't want that gain because rates are going higher? stay with cramer. >>> coming up -- nice view? hilton's more than $2 billion ipo is about to hit the street. are there better accommodations for your cash? or should you try and book a room in this newly minted spot? ♪ [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the
. >> check with your tax accountant. some stocks cannot really go in because of a business tax. you want to be sure. you've got to talk with your accountant about these. the stock had a not great quarter and it's been knocked down. and the master limited partnerships have been coming down. but i believe in rich kinder. rich kinder is not dick heckman. he had a terrific company around, this one's not it. rich kinder made a lot of people a lot of money. i'm not going to abandon that...
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Dec 9, 2013
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key is we not have another government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take it or leave it. what i hear from patty murray, i spoke to her the other night negotiations are making progress, moving in the right direction. >> congress has scheduled to begin its break this friday and not return until january the 7th. >>> well, a week after that deadly commuter train wreck in new york officials are upgrading signals. the new signals are expected to be up and running this morning. of course, four people were killed last sunday when a metro north train hit a stretch of track at nearly three times the speed limit. metro north now reducing the maximum speeds at 26 locations across the system. an a
key is we not have another government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take...
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Dec 2, 2013
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i mean how many people in new york state who were spending 50% of everything that they make in taxes, say hey listen, i would be willing to spend another 5% more to make the trains and bridges and airports better. who trusts government any more to do that? >> listen, my question for the group as a whole is everyone who has read about these incredibly hi-tech high-speed trains in europe and asia, it's not like they haven't been proposed in florida. there was a proposal for a high-speed train. but in this country is there an appetite, because joe said is the problem we don't throw enough money. your points about percentage of gdp. we're spending more and more money on ballooning entitlements. we spend plenty of money on infrastructure. if you drive from new york to maine you can see how different states manage their infrastructure dollars differently by when the potholes end and start up again. >> one they are thing about percentage of gdp. dwight eisenhower didn't have made care and medicaid take up the budget. all of the percentages are going to be declining including defense. >> i ag
i mean how many people in new york state who were spending 50% of everything that they make in taxes, say hey listen, i would be willing to spend another 5% more to make the trains and bridges and airports better. who trusts government any more to do that? >> listen, my question for the group as a whole is everyone who has read about these incredibly hi-tech high-speed trains in europe and asia, it's not like they haven't been proposed in florida. there was a proposal for a high-speed...
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you would have a humongous tax bill brought on by yourself, and so far not many losses do. if you're an institution, you want to show your clients that you own it. that makes the stock blessed. third, unlike most of the bricks and mortar outfits out there, amazon does have a real mystery. the possibly of a lights out quarter could be in the cards. walmart and target keep going down. finally, when it comes to the worth of amazon, there is a simple answer you can get. it's worth what people will pay for it. the answer is they'll pay $400, or $178 billion for the stock where it was trading this morning before the pullback. that's when the discipline comes in. as i've been saying for a while now, you have to recognize that the idea of a bubble in stocks has kept you out of so many winners that it's just unforgivable. if you're a performance manager. look, i can't blame anyone for wanting to sell amazon, or so many other stocks for that matter based on valuation. i know it's way too expensive for my charitable trust. we're not going to do that. but this weekend also on twitter s
you would have a humongous tax bill brought on by yourself, and so far not many losses do. if you're an institution, you want to show your clients that you own it. that makes the stock blessed. third, unlike most of the bricks and mortar outfits out there, amazon does have a real mystery. the possibly of a lights out quarter could be in the cards. walmart and target keep going down. finally, when it comes to the worth of amazon, there is a simple answer you can get. it's worth what people will...
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so as we approach tax season, that's one to watch. by the way they report earnings after today's closing bell. one stock you will want to watch hrb. what about one of the biggest companies in the world, we're talking about exxon mobil, yeah, it's been an underperformer relative to the overall market but hit an all-time high yesterday and it was the second best performing stock in the dow last week. over the course of the shorter term this stock has been up about 2% to 3% in the last couple weeks. when we talk about stocks it's not always about the momentum, guys. sometimes these big names can manifest themselves in great stock performance even over the shorter and longer term. >> thank you very much. talking about studs, dominic chu. >>> yesterday herb told us he was having a hard time, he was having a hard time picking his worst ceo of the year list. he reached out to you, dear viewer, asked you to help him and, i believe, you delivered. bring herb back in with an update. >> it is very interesting. they said there are a number of peo
so as we approach tax season, that's one to watch. by the way they report earnings after today's closing bell. one stock you will want to watch hrb. what about one of the biggest companies in the world, we're talking about exxon mobil, yeah, it's been an underperformer relative to the overall market but hit an all-time high yesterday and it was the second best performing stock in the dow last week. over the course of the shorter term this stock has been up about 2% to 3% in the last couple...
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." >>> on the "cbs moneywatch," the days may be numbered for tax-free web shopping. and why you want to check your lottery tickets. wendy gillette has more. >> good morning, anne-marie. the cost of online shopping may be headed up as more states could start collecting sales taxes on internet purchases. this after the supreme court refused to get involved in state efforts to force online retailers to collect sales taxes from their customers. the case involved a lower court ruling in new york. it ruled that websites like amazon and overstock must pay sales tax the same way in-state businesses do. the supreme court decision came on what appears to be the busiest online shopping day of the year, cyber monday. early indications are that online sales yesterday were up 17.5% from last year. mobile devices accounted for nearly a third of all online shopping. >>> stocks in asia finished mostly lower amid key reports in the u.s. hong kong's hang seng's lost 0.5%. tokyo's nikkei gained 0.5% to its highest close in six years thanks to a weekend yen. the dow jones lost 77 points
." >>> on the "cbs moneywatch," the days may be numbered for tax-free web shopping. and why you want to check your lottery tickets. wendy gillette has more. >> good morning, anne-marie. the cost of online shopping may be headed up as more states could start collecting sales taxes on internet purchases. this after the supreme court refused to get involved in state efforts to force online retailers to collect sales taxes from their customers. the case involved a...
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you're asking people who may be struggling themselves to put food on the table to give their tax money to you, and then you're not even going to buy food with it. you're going to buy booze and drugs with it. >> first of all, i know he has to know better, because he's hipped us with action network feed the poor on christmastime. and has talked about it on his tv show. so why smear and bring this up to try and act as though people really don't need help, because there may be some that abuse it. when clearly, there are some in every economic ladder that abuses wherever they are. >> this is echoes of ronald reagan talking about welfare queens driving around in cadillacs. there is zero evidence to support anything he says. but here's a guy, bill o'reilly who has invented this whole, crazy idea that we're declaring war on christmas, and he has declared war on what christmas is all about. you know, when i was growing up, our family didn't have much money, but we were always taught to give what little we could to help people who were less fortunate than we were. and we never considered that cl
you're asking people who may be struggling themselves to put food on the table to give their tax money to you, and then you're not even going to buy food with it. you're going to buy booze and drugs with it. >> first of all, i know he has to know better, because he's hipped us with action network feed the poor on christmastime. and has talked about it on his tv show. so why smear and bring this up to try and act as though people really don't need help, because there may be some that abuse...
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paul ryan saying there's no taxes involved, no tax increases, well there are these fee increases. so it's a little squirrely. there's going to be includesed aviation fees. there's going to be higher contributions for federal workers to their pensions. you can call those fees. for a lot of people, those are going to look a bit like taxes. so i think that's kind of the basic breakdown of the two-year deal. i actually, by the way, i like the fact that there's going to be less fiscal head winds on the economy in 2014 and 2015. many democrats would have liked to see extended unemployment insurance in there. that wasn't in the bill. >> let me bring back in richard wolffe. richard, how do they get the votes on this? and are they trying to prove after such a non-productive congress, one of the northeast non-productive congresses in history, that they can make something work? because i noticed senator murray particularly made the point that they made the compromise government could work. >> if government can work means they can avoid a shutdown and pass a basic budget, i guess we should be
paul ryan saying there's no taxes involved, no tax increases, well there are these fee increases. so it's a little squirrely. there's going to be includesed aviation fees. there's going to be higher contributions for federal workers to their pensions. you can call those fees. for a lot of people, those are going to look a bit like taxes. so i think that's kind of the basic breakdown of the two-year deal. i actually, by the way, i like the fact that there's going to be less fiscal head winds on...
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you can get back to work your effective tax rate is so high as those benefits fade out or go away it's a disincentive and a trap to climb out of poverty. you need to work how to make the programs work better so it's more of a slope getting out. obama care, unemployed on medicaid, you go back to work you lose your health insurance. >> if you look at the statistics about federal assistance programs, people getting unemployment, long-term unemployed are three times more likely -- looking for work three times harder than average recipients of unemployment benefits because of provisions that make it difficult to be on federal assistance programs without looking for work or being a lazy welfare queen. >> you have people faced with the choice of being out of work, medicaid, low wage job without health insurance, it's a very challenging situation for people. you need to come up with a way to structure these programs so they support people in need and continue to support them as they are low wage workers so they can climb out of poverty. >> as a farm bill, everybody knows, deals with it knows t
you can get back to work your effective tax rate is so high as those benefits fade out or go away it's a disincentive and a trap to climb out of poverty. you need to work how to make the programs work better so it's more of a slope getting out. obama care, unemployed on medicaid, you go back to work you lose your health insurance. >> if you look at the statistics about federal assistance programs, people getting unemployment, long-term unemployed are three times more likely -- looking for...
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interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this country should dread. >> order. >> you're been watching prime minister's questions. question time airs on c-span2 every wednesday. again on sunday night at 9:00 p.m. eastern on c-span. you can watch anytime at c- span.org. >> a conversation with supreme court justice elena kagan about the inner workings of the supreme court. after that, a discussion of the constitution and the rule of justice with supreme court justice clarence thomas. then, the future of the republican party is seen by strategist anna navarro. >> next, supreme court justice elena kagan discussing the working of the u.s. supreme court at the university of alabama law school. >> i'm having to get used to that title. we appreciate your service in this role. i join inand welcoming justice kagan to the university of alabama. we are honored by your presence. i want to give you a few vital statistics
interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this country should dread. >> order. >> you're been watching prime minister's questions. question time airs on c-span2 every wednesday. again on sunday night at 9:00 p.m. eastern on c-span. you can watch anytime at c- span.org. >> a conversation with...
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taxes, whereas the not for property guys are the ones receiving subsidies. as far as i'm concerned, money is money. the only difference in private and public money is ideological. you draw a line between the two. public money becomes purer -- >> but it's worth ten cents on the dollar. >> i don't disagree with you. >> you're one of the old democrats. you're looking around saying what am i. >> i don't -- by the way, it's sort of what we were talking about earlier with iran. i don't think it's a question of choosing one or the other. i think you need to have a healthy balance of both. but if you start off with a regulatory bias against the for profit sector. >> you do. >> i understand, i don't disagree. >> i'm appealing to you, stand up and be -- >> i'm sitting down -- >> i think bill clinton was a republican. are you sure he was a democrat? >> i have no idea. >> senator kerrey will be with us for the rest of the program. >> do you want to be called senator or governor? >> you can call me bob. >> he wants to be senator. don't call anyone governor. >> walking de
taxes, whereas the not for property guys are the ones receiving subsidies. as far as i'm concerned, money is money. the only difference in private and public money is ideological. you draw a line between the two. public money becomes purer -- >> but it's worth ten cents on the dollar. >> i don't disagree with you. >> you're one of the old democrats. you're looking around saying what am i. >> i don't -- by the way, it's sort of what we were talking about earlier with...
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enterprise value, the market cap plus the debt minus the cash divided by the earnings before interest, taxes, depreciation, amortization of 9.8. credit sweiuisse. the stock still has plenty of room to run. if that's how you want to value it. meantime, trading at 19 times next year's earnings, which is well below the five and ten-year averages and not too pricey considering it should be able to grow earnings at a 40% clip. the bears at goldman think it's time to sell masco and swap with nonresidential construction plays as the space starts to turn. i think they're wrong. i think they're wrong to write off masco and i agree with the bulls and believing this stock could have more room to run. i say stick with masco and stick with cramer. lou in oregon, lou? >> caller: boo-yah, skedaddy. >> i'm not booing, i'm louing. >> caller: hey, about six months ago you, recommended and i bought two stocks, american realty capital properties and also health care reit. i'm wondering, should i by more? >> i would. look, these are all about -- this group has been killed because of rates going higher. and when
enterprise value, the market cap plus the debt minus the cash divided by the earnings before interest, taxes, depreciation, amortization of 9.8. credit sweiuisse. the stock still has plenty of room to run. if that's how you want to value it. meantime, trading at 19 times next year's earnings, which is well below the five and ten-year averages and not too pricey considering it should be able to grow earnings at a 40% clip. the bears at goldman think it's time to sell masco and swap with...
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. >> i owned restaurants and i pay taxes on it. it causes unemployment. >> what do you say to people who lose jobs? >> listen to me. >> that doesn't help. minimum wage has nothing to do with it. >> the increase is 5% in the last 35 years. this is not america. >> we have already doubled. >> this is america. i'm proud of my country. >> we have doubled the number of people on food stamps. >> you are against filibusters. >> here's the problem. what is jamu going to say to people who lose the jobs? >> section 8 housing, food stamps. >> when you pay a minimum wage -- >> no, raise the cost of products and people buy fewer. >> people on a poverty wage, they have to get food stamps. they have to be on medicaid. >> there will be fewer people employed. sean hannity, go to mcdonald's, wendy's and say who in line the to buy hamburger wants to pay additional money for it? it will raise the price of the burger. >> you will lower the amount of people on food stamps. you will lower -- >> you're making it up. >> this is a fact. >> you're not looking
. >> i owned restaurants and i pay taxes on it. it causes unemployment. >> what do you say to people who lose jobs? >> listen to me. >> that doesn't help. minimum wage has nothing to do with it. >> the increase is 5% in the last 35 years. this is not america. >> we have already doubled. >> this is america. i'm proud of my country. >> we have doubled the number of people on food stamps. >> you are against filibusters. >> here's the...
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on those programs, paid for by some revenue and some entitlement cuts but the revenue would not be tax increases, thing like user fee, and entitlement cuts would not be medicare and social security avoiding those hot buttons like curbing federal retirement. the negotiators hope to announce this by the end of the week so congress can act next week. remember when the government was reopened they set a december 13th deadline and democrats and republicans are reasonably optimistic that they can do that next week, guys. >> good stuff there. john harwood, we'll keep a close eye on that. >> this might come as good news to our next guest. a survey out shows ceos are feeling more optimistic about the economy. will that mean more jobs? ask jon engler president of the business round table and former governor of michigan. governor, welcome back to "street signs" here. before we get to the ceo survey, i just got to ask you a question about detroit. your view on the ruling yesterday? >> well, i think it's been pretty foreshadowed by judge rhodes, he's an excellent judge and this is a landmark ruling
on those programs, paid for by some revenue and some entitlement cuts but the revenue would not be tax increases, thing like user fee, and entitlement cuts would not be medicare and social security avoiding those hot buttons like curbing federal retirement. the negotiators hope to announce this by the end of the week so congress can act next week. remember when the government was reopened they set a december 13th deadline and democrats and republicans are reasonably optimistic that they can do...
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that means simplifying our corporate tax tax code in a way that closes wasteful loopholes, ends incentives to ship jobs overseas -- [applause] by broadening the base we can lower rates to encourage more companies to hire and use some of the money we save to create the jobs rebuilding our roads, bridges and airports and all the infrastructure in our businesses it means a trade agenda but rose exports and works for the middle class. been streamlining regulations that are outdated or unnecessary enemies coming together around a responsible budget one that grows our economy faster right now and treats her long-term deficits, one that and wines sequester cuts that haven't made a lot of sense. [applause] and then frees up resources to invest in things like scientific research that has always unleashed new innovation in new industry. when it comes to our budget we should not get stuck in a stale debate from two or three years ago. a relentlessly growing deficit of opportunity is a bigger threat to our future than a rapidly shrinking fiscal deficit [applause] so, that is step one towards restoring
that means simplifying our corporate tax tax code in a way that closes wasteful loopholes, ends incentives to ship jobs overseas -- [applause] by broadening the base we can lower rates to encourage more companies to hire and use some of the money we save to create the jobs rebuilding our roads, bridges and airports and all the infrastructure in our businesses it means a trade agenda but rose exports and works for the middle class. been streamlining regulations that are outdated or unnecessary...
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that's something that i think -- >> get a tax credit for hiring someone that's been unimploempl. >> these folks are really in trouble. >> we should do both, right? we should help the folks that are still in trouble. kevin is right, there is an element of the unemployment rate that is there because of the ui program. but even given that, it's been -- >> people that stay unemployed because they can get enough from unemployment. >> yes. there is a lot of research and debate. but my estimates, 10.2 3% of unemployment is due to the ui program. the net benefit of this is very significant. kevin is right. we have to work on long term employment. >> i just say that i disagree we should do both in the following sentence. what we should do, if you want to give more money to people currently unemployed. just give them the money. give them a lump sum of cash. don't make them stay unemployed for another three months to get the checks. if you give them a lump sum of cash, they go out for a job right away. >> a lot of the long term unemployed, there are four million currently. we're probably understumen
that's something that i think -- >> get a tax credit for hiring someone that's been unimploempl. >> these folks are really in trouble. >> we should do both, right? we should help the folks that are still in trouble. kevin is right, there is an element of the unemployment rate that is there because of the ui program. but even given that, it's been -- >> people that stay unemployed because they can get enough from unemployment. >> yes. there is a lot of research and...
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unemployment to 170,000 people or medicaid expanded to 500,000 people or rolling back the earned income tax credit or pushing the voter suppression law that we're seeing now that's the worst in the country in north carolina, all of that, you see the money imprint and the handprint imprint and the philosophical imprint of either art pope or groups he has backed in such a wrongful way. and that's why we're fighting. >> do you think that people in north carolina broadly understand the connection between that agenda that you just described and the network of discount stores that have made the pope family so wealthy over all these years? do people already know the connection between those po policies -- >> no. >> -- and those stores? they don't. >> no. that's why we're doing these informational pickets. now, we hope in this season of christmas and hanukkah, his own conscience -- we've actually asked to meet with him -- that he would change. we have to believe in the possibility of redemption. we've shared with him that it's against our greatest moral values, we've talked about scripture of woe t
unemployment to 170,000 people or medicaid expanded to 500,000 people or rolling back the earned income tax credit or pushing the voter suppression law that we're seeing now that's the worst in the country in north carolina, all of that, you see the money imprint and the handprint imprint and the philosophical imprint of either art pope or groups he has backed in such a wrongful way. and that's why we're fighting. >> do you think that people in north carolina broadly understand the...
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we have got the earned income tax credit. we have got to make work pay. >> there are many of your colleagues who will say even though it doesn't sound as nice they like the earned income tax credit. it's less -- it's a different kind of potentially more precise tool. what about something like that as an answer here? >> here's the problem. what it does is force the government, force the taxpayer to pick up the cost of the businesses that don't want to pay their employees. we have small businesses that pay low wages, they are privatizing the benefits. but they are sociallizing the cost of the rest of society. a $12 an hour minimum wage would save tens of billions of dollars. >> michael? >> but you still have that group of smaller employers who are going calculate the cost of the extra hourly earnings and say i'm only going hire one and a half people i'm going to reduce to part time. i'm not going to spend more money out of my poblgtcket. and i think it does put pressure on the low end of jobs. >> final word? >> i think $12 an h
we have got the earned income tax credit. we have got to make work pay. >> there are many of your colleagues who will say even though it doesn't sound as nice they like the earned income tax credit. it's less -- it's a different kind of potentially more precise tool. what about something like that as an answer here? >> here's the problem. what it does is force the government, force the taxpayer to pick up the cost of the businesses that don't want to pay their employees. we have...
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rate might end up with more revenues that raising taxes? >> for the country as a whole, right. we can learn as a country they'll go to other countries if they don't -- >> we should talk about tax. >> all right. gord gordon, thank you. say hi to johnny. >>> when we come back, we have the numbers out at 8:15 eastern time from the jobs data. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] this december, experience the gift of unsurpassed
rate might end up with more revenues that raising taxes? >> for the country as a whole, right. we can learn as a country they'll go to other countries if they don't -- >> we should talk about tax. >> all right. gord gordon, thank you. say hi to johnny. >>> when we come back, we have the numbers out at 8:15 eastern time from the jobs data. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp...
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tax purposes. so keep that in mind. part of the problem is the practical access to the insurance coverage which the law, unfortunately, does not guarantee for the small employers. are there planning opportunities? yes. do we see smaller employers trying to use those to avoid compliance with the law? not yet. and i think part of the lack of awareness is also a little bit of a reaction to the delays that have occurred. the employers believe that there have been delays and that those delays will continue. for smaller businesses, there is a sentiment that the rules for the large employers were delayed, which they were until 2015. however, for the smaller businesses, they've already felt, many of them, the brunt of the very expensive renewals this year. of our clients that were offered an early renewal option to renew their policy this december and to delay the cost impacts of health reform, in vvariably the have taken that offer if the carrier has extended it. they have basically kicked the issue down the road for another y
tax purposes. so keep that in mind. part of the problem is the practical access to the insurance coverage which the law, unfortunately, does not guarantee for the small employers. are there planning opportunities? yes. do we see smaller employers trying to use those to avoid compliance with the law? not yet. and i think part of the lack of awareness is also a little bit of a reaction to the delays that have occurred. the employers believe that there have been delays and that those delays will...
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. >> that you get a tax credit for hiring someone who has been unemployment for a certain time. >> these folks are really in trouble and the good unemployment news doesn't really affect the long-term -- >> but we should do both. we should help the folks that are still in trouble. kevin is right, there's an element that's there because of the ui program. >> and people that stay unemployed because they can get enough from unemployment. >> there's a lot of academic work and research, but my estimates a percentage is due to ui benefits. kevin is right, we have to work on long term structural unemployment -- >> but i want to say i disagree that we should do both in the following sense. that what we should do, if you want to give more money to the people who are currently unemployed, just give them the money. give them a lump sum of cash. don't take them stay unemployed for another three months. >> mark zandi, annie lowry, kevin hasset, thank you for coming by. >>> when we return, he called nelson mandela one of the greatest leaders of our lifetime and incurred the wrath of his facebook friend
. >> that you get a tax credit for hiring someone who has been unemployment for a certain time. >> these folks are really in trouble and the good unemployment news doesn't really affect the long-term -- >> but we should do both. we should help the folks that are still in trouble. kevin is right, there's an element that's there because of the ui program. >> and people that stay unemployed because they can get enough from unemployment. >> there's a lot of academic...
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let's raise taxes and spend more money on education. we spend more money per student than any other country in the world. and yet we're falling further and further behind. your wife also very involved in education reform. i mean it seems so many people have taken a real interest in this over the past decade. and the numbers keep slipping. >> they keep slipping. i'll quote my wife on this. her view is having worked in charter schools and curriculum reform is that there's no silver bullet. what might work in tennessee might not work in arizona, might not work in new york. >> one size fits all does not work. >> there's not a kind of, i don't want to sound like a states rights guy but there's not a national answer to this. it is, in fact, a national security issue. it's about imperial decline. >> mike, a very interesting thing about this study, poland one of the great success stories. one of the things they did was they focused more on who went to traditional colleges and who was moved over to vo tech areas. that is one area we have to real
let's raise taxes and spend more money on education. we spend more money per student than any other country in the world. and yet we're falling further and further behind. your wife also very involved in education reform. i mean it seems so many people have taken a real interest in this over the past decade. and the numbers keep slipping. >> they keep slipping. i'll quote my wife on this. her view is having worked in charter schools and curriculum reform is that there's no silver bullet....
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or not to tax. what a recent supreme court decision could mean for how much you pay when you shop online. rs. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. our current situation seems rather extreme. why can't we maximize our... ready. ♪ brilliant. let's get out of here. warp speed. ♪ so i deserve a small business credit card with amazing rewards. with the spark cash card from capital one, i get 2% cash back on every purchase, every day. i break my back around here. finally someone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer ] get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every day. what's in your wallet? i need your timesheets, larry! what's in your wallet? [ female announcer ] some people like to pretend a flood could n
or not to tax. what a recent supreme court decision could mean for how much you pay when you shop online. rs. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. our current situation seems rather extreme. why can't we maximize our... ready. ♪ brilliant. let's get out of here. warp speed. ♪ so i deserve a small...
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Dec 3, 2013
12/13
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it was probably the last cyber monday without sales tax for millions. states want tax revenue. online retailers want tax-free shopping. brick and mortar shops want online retailers to have the same taxes. uncollected sales tax, so the states want to find ways to get that tax revenue from web retailers. the sproem court decided not to get involved in appeals from amazon and overstock.com. the court let stand a ruling from a new york court requiring that internet retailers collect sale taxes even if they have no physical present in the state. this effectively ends, carol, ends tax-free shopping online for people and gets other states thinking about how they can bring in more taxes, too, carol. >> christine, thanks. >>> seattle seahawks fan base has done it again! loud, right? fans set another guinness world record against the saints. all that yelling and stomping actually registered as an earthquake in the one to two magnitude range according to a professor from the university of washington. that is insane! >>> something else insane. you know that old saying in sports if you ain'
it was probably the last cyber monday without sales tax for millions. states want tax revenue. online retailers want tax-free shopping. brick and mortar shops want online retailers to have the same taxes. uncollected sales tax, so the states want to find ways to get that tax revenue from web retailers. the sproem court decided not to get involved in appeals from amazon and overstock.com. the court let stand a ruling from a new york court requiring that internet retailers collect sale taxes even...
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Dec 9, 2013
12/13
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sales tax, property tax? >> sales tax and property tax. what happens is -- >> there's no income tax. >> yeah, no income tax. we're in a position working hard to compete. no income tax, right to work state. low-business tax and more businesses don't pay it every year. companies like hertz are moving down there because they can solve their customer needs because they don't pay taxes. if they're in new york or connecticut, they'd have to pay. >> okay. so how will you replace the $2 billion? >> sales taxes. >> will they have to go up? >> no, i'm cutting taxes -- i've cut taxes every year. i've been governor three years, cut taxes basically 24 times. it's property taxes, business taxes, sales tax. we have all budget surplus, i walked in with a budget deficit, i now have a $1.2 billion surplus. we're making our economy the opportunity economy where, you know, if you want to build a business, you can -- and you want to get a job, you come to florida. >> your unemployment rate has dropped quicker than any other state, i know that. and you're now -
sales tax, property tax? >> sales tax and property tax. what happens is -- >> there's no income tax. >> yeah, no income tax. we're in a position working hard to compete. no income tax, right to work state. low-business tax and more businesses don't pay it every year. companies like hertz are moving down there because they can solve their customer needs because they don't pay taxes. if they're in new york or connecticut, they'd have to pay. >> okay. so how will you...
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Dec 6, 2013
12/13
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and to pay taxes here as well as to the people in south africa. and as a result of that, the companies left. nelson mandela knew thought was the pressure that we put on american firms that broke the economy, that led to the crushing of apartheid. and he was deeply appreciative of that. he knew that we had in america spots that we were not proud of on our history. but he also knew that it was our constitution and our love for freedom was what he was wanted to and did bring to south africa. so anybody that would say because castro and the other countries were more sympathetic than we were, you bet your life we're not proud of the fact that we were late to get involved in this freedom fight. but nelson mandela loved america, and he loved the appreciation that we have given to him. but finally i want to say one gift that he gave to black america was our heritages. we have been raised and separate from africa from the time we came here in slavery. we lost our names, our culture, our music. and not only did they take it away but they would have us to be
and to pay taxes here as well as to the people in south africa. and as a result of that, the companies left. nelson mandela knew thought was the pressure that we put on american firms that broke the economy, that led to the crushing of apartheid. and he was deeply appreciative of that. he knew that we had in america spots that we were not proud of on our history. but he also knew that it was our constitution and our love for freedom was what he was wanted to and did bring to south africa. so...